High Traffic - Used Car Dealer With Service Garage
Location Virginia,United States
Asking Price Range $250K - $500K
Gross Revenues $450000
Net Profit / Cash Flow $75000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1994
Number of Employees 1 - 3
Inventory 150000
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training The seller will train a new buyer during a pre-determined transition period.
Reason for Sale Owner wants to retire.
Description Business Asking Price: $275,000 For more info call: 540-354-2791
This profitable Used Car Dealership & Service Garage is in a great market location with a high traffic count of approximately 55K vehicles per day. This business also has the facilities to quickly expand operations. A new owner could easily grow this business to the next level by offering a larger selection of vehicles for sale and,or by adding Buy Here Pay Here auto financing, car rentals and other auto repair services. The current owner has operated this business for over 18 years and has developed a loyal customer base, and now wants to retire. The business owner would also like to sell the business real estate and will offer a buyer an attractive lease / purchase option with possible owner financing.
Growth and Expansion Pros and Cons:
This used car dealership has a great growth potential because of its location and the owner's good business reputation, and BBB rating. The garage / shop facility can offer customers compete auto repair and maintenance services. A new owner could offer many new products and services, for example, auto accessories, car rentals and Buy Here Pay Here financing and maintenance services.
Competition / Market Pros and Cons:
There are other used car dealers in the area that together attract many car buyers to the area. The location of this business is on a main commuter highway, with easy access, leading into and out of the City of Roanoke, VA.
Facilities:
This business occupies a 1.0 +/- acre (fenced) property in a busy commercial area on a major 4 - lane commuter highway, with a traffic count of 55,000 cars per day. The business has a large paved parking lot that can accommodate 60 to 80 cars. The sales offices and garage occupy an attractive building totaling approximately 5,000 +/- sf. The 3,000sf garage area has 6 service bays. There are 3 offices, and a customer waiting area totaling approximately 2,000sf.
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